LAMBTON is one of the averagely priced suburbs in NSW. Median home prices are $563,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $506,700 home loan.
LAMBTON, 2299 is number 1330th in a list of the country’s fastest growing suburbs, and number 427th in State. It has had an average population growth of 63.80 over the period between the last two national censuses.
With a median housing loan repayment of $1,733 a month, LAMBTON , 2299 mortgage brokers are seeing mortgage holders paying $333 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LAMBTON, 2299 should have seen some difference. While the latest census median annual household figure income is now $59,332, it was $48,256 back in 2006, which is a net increase of $11,076 Subtract from that the median mortgage repayment increase of $3,996 and a mortgage broker’s clients could be up to $7,080 better off each year even without factoring in mortgage rate cuts.